Commit To Purchase Plug Power At $1, Earn 28% Using Options
January 20, 2016 at 11:52 AM EST
Investors eyeing a purchase of Plug Power Inc (PLUG) shares, but tentative about paying the going market price of $1.39/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2018 put at the $1 strike, which has a bid at the time of this writing of 28 cents..